605 Wolcott Rd - Specialty FOR SALE


Wolcott, CT 06716
$649,500 USD
860-604-1655
605 Wolcott Rd, Wolcott, CT for Sale
$649,500 USD
Specialty - FOR SALE
1/31
null | 14% Cap Rate

605 Wolcott Rd
Wolcott, CT 06716


HIGHLIGHTS

  • Net-Lease Conversion / Owner-User Investment Opportunity. Stabilized NOI reflects normalized owner/operator structure and market.
  • Opportunity to: Increase catering, Expand hours, Liquor license available, etc...

OVERVIEW

Business & Real Estate Opportunity | Established Breakfast, Lunch & Ice Cream Destination Mad River Creamery & Deli offers a unique opportunity to acquire an established food service business with the option to purchase the real estate or operate under a lease arrangement with the current owner. Located in a highly visible Connecticut location, the property serves as a popular destination for breakfast, lunch, ice cream, and community gatherings. The business has developed a loyal customer base and benefits from a recognizable local presence. The flexible layout and equipment package provide an excellent opportunity for a hands-on owner-operator, restaurant group, or entrepreneur seeking a turnkey operation with growth potential. The owner is willing to remain involved during a transition period and may consider remaining as a tenant should a purchaser elect to acquire the real estate and lease the operating business back to the current owner. Investment Highlights Established breakfast, lunch, and ice cream concept Loyal repeat customer base and community presence Opportunity to purchase both business and real estate Alternative structure available: real estate purchase with seller leaseback Turnkey operation with furniture, fixtures, and equipment in place Strong visibility and accessibility Ample opportunity to expand revenue through catering, extended hours, seasonal offerings, or concept enhancements Suitable for owner-operator, family business, hospitality group, or investor Flexible property layout adaptable to various food service concepts Owner willing to assist with transition Potential redevelopment or repositioning opportunity for qualified buyers Asking Prices Business: $219,500 Real Estate: $649,500 Owner Financing: Negotiable for qualified buyers Buyer Notes Whether continuing the existing concept, expanding operations, introducing catering services, enhancing the breakfast and lunch offerings, or converting the property to a new food-service concept, Mad River presents a versatile opportunity with both operating income and real estate upside. Confidential Offering. Additional information available upon execution of a Confidentiality Agreement.

FOR SALE DETAILS

PRICE

$649,500 USD

PRICE/SF

$208 USD /SF

CAP RATE

14%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wolcott Restaurant & Real Estate Investment |

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

GC

APN/PARCEL ID

WOLC-000114-000002-000135A

ASK ABOUT THIS PROPERTY

Rick ZiffAgnelli Real Estate, Commercial DivisionMore Info
860-604-1655

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Rick ZiffAgnelli Real Estate, Commercial DivisionMore Info
860-604-1655

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.